Top 10 Most Valued Firms: 9 companies lose Rs 2.74 lakh crore in market value; HDFC Bank takes biggest hit
Nine of India's top ten most valued companies saw a combined market valuation drop of Rs 2.74 lakh crore last week. The decline was driven by bearish market trends, rising crude oil prices, and geopolitical tensions affecting investor sentiment.
Why it matters
Significant market erosion in major Indian firms signals broader economic volatility and investor caution in the region.
Top 10 Most Valued Firms: The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2.74 lakh crore last week, in tandem with a bearish trend in equities, with HDFC Bank taking the biggest hit, PTI reported. Last week, the BSE benchmark Sensex tanked 2,091.68 points, or 2.67 per cent, and the NSE Nifty declined 566.85 points, or 2.32 per cent. "Markets witnessed a weak and volatile week, with benchmark indices extending their losing streak as a sharp surge in crude oil prices and renewed geopolitical tensions weighed heavily on investor sentiment," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Banking stocks emerged as the biggest drag following mixed Q1 FY27 earnings, while a risk-off environment and weakness in the rupee further curtailed buying interest, he added. From the top-10 pack, Hindustan Unilever emerged as the only winner, according to PTI.
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